IVV vs NIM
IVV vs NIM
iShares Core S&P 500 ETF vs Nuveen Select Maturities Municipal Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. NIM offers more diversification with 537 holdings.
Side-by-Side Comparison
| Metric | IVV | NIM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.56% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 3.46% | |
| Holdings | 508 | 537 | |
| YTD Return | +13.80% | +3.10% | |
| 1Y Return | +23.70% | +6.30% | |
| 3Y Return (annualized) | +21.49% | +5.69% | |
| 5Y Return (annualized) | +13.43% | +0.37% | |
| Volatility (annualized) | 15.1% | 8.8% | |
| Max Drawdown | -56.5% | -30.4% | |
| Fund Family | iShares by BlackRock (US) | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Sep 18, 1992 |
IVV vs NIM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nuveen Select Maturities Municipal Fund (NIM) is a ETF from Nuveen. Over the past year IVV returned +23.70% while NIM returned +6.30%. Year to date, IVV is up 13.80% versus a gain of 3.10% for NIM.
Over three years, IVV compounded at +21.49% per year against +5.69% for NIM; over five years the annualized figures are +13.43% and +0.37% respectively. Across the full 26-year window we track, IVV has the edge at +7.05% annualized vs -0.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.8% for NIM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -30.4% for NIM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NIM charges 0.56%. On a $10,000 position that is $3 vs $56 annually, a gap of $53 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.46% for NIM.
Frequently Asked Questions
Which is cheaper, IVV or NIM?
IVV has an expense ratio of 0.03% while NIM charges 0.56%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, IVV or NIM?
Over the past year IVV returned +23.70% vs +6.30% for NIM, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.05% vs -0.07% for NIM. Past performance does not guarantee future results.
Which is riskier, IVV or NIM?
IVV has been the more volatile fund at 15.1% annualized versus 8.8% for NIM. Worst drawdown: IVV -56.5% vs NIM -30.4%.
Should I hold both IVV and NIM?
IVV and NIM have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or NIM?
IVV yields 1.09% while NIM yields 3.46%, so NIM currently pays the higher dividend yield.
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